๐จ๐ฎ๐ท The Iran war is now reshaping palm oil markets.
With crude at $114, palm oil suddenly looks cheap as a biodiesel alternative. Indonesia is reviving plans for a 50% palm oil biodiesel blend it shelved just 2 months ago.
A war in the Persian Gulf is changing what Southeast Asian farmers plant and what goes into European cookies and Indian cooking oil.
The supply chain consequences of closing the Strait of Hormuz keep reaching into places nobody predicted.
Reuters
Update: A distributor higher than my boss up the supply chain (and has more access to the Jakarta side) was invited to a Lenovo event and just informed my boss:
The prices of Lenovo AIO PCs and Lenovo laptops with Intel i3 processors will hike to around Rp 10 juta in April 2026.